Małe firmy · 11.08.1999

Business Loan Program

SBA proposes to implement changes in the microloan program required by the Small Business Reauthorization Act of 1997, enacted on December 2, 1997. The proposed rule would terminate the designation of the microloan program as a ``demonstration,'' add a welfare-to-work microloan initiative, allow a nonprofit child care business to qualify for the microloan program, and authorize a microloan intermediary to use up to 25 percent of grant funds for technical assistance to prospective microloan borrowers. The proposed rule would also establish procedures for SBA to suspend or revoke the status of an intermediary lender or non-lending technical assistance provider from the microloan program for its failure to meet certain minimum performance standards.